Rodeo FX Acquires Former Technicolor Group Studio Mikros Animation
Rodeo FX’s purchase of Mikros Animation will preserve up to 287 animation production jobs in Canada and France.
Rodeo FX’s purchase of Mikros Animation will preserve up to 287 animation production jobs in Canada and France.
Dobree wrote that “unstoppable market forces have resulted in a race to the bottom” and called for greater industry support and regulation for the animation/vfx industries.
The financially struggling company had paused operations earlier this month.
The studio cannot continue in its current financial state and says it is currently exploring all options for sale or investment.
The amount pledged to animation pales in comparison to the amounts given to tabletop games ($220 million) and comics ($46.5 million).
The studio also announced that it was cancelling an unannounced direct-to-streaming feature-length film.
The company said in its annual report that it expects its current fiscal year to also be negatively impacted by the ongoing fallout from the Hollywood writers’ and actors’ strikes.
The three companies being shuttered are Monolith Productions, Player First Games, and Warner Bros. Games San Diego
The studio had produced animated features like ‘The Little Prince,’ ‘Ladybug & Cat Noir: Awakening,’ and ‘Playmobil: The Movie.’
Thousands of vfx and animation workers around the globe could become unemployed as early as this week.
Post-acquisition, DNEG’s Brahma group will employ over 800 engineers and creative technologists.
The new company aims to distribute four films annually in the U.K. and Ireland.
Creative director Paul Ó Muiris spoke to Cartoon Brew about the new studio’s plans.
The channel will go dark on March 6.
With over a half-dozen Norwegian animated features set to release in 2025, the country’s animation industry is starting to emerge as a European force.
The company wants to produce “provocative, experimental, and edgy” animation geared towards adults.
TeamTO will continue to operate from its studios in Valence and Paris.
Conley was most recently executive producer at Wētā FX, where he worked on projects such as ‘Avatar: The Way of Water,’ ‘The Last of Us’ series, and the Oscar-winning short ‘War is Over!’
The report is described as the “first academic, interdisciplinary, and multistakeholder project dedicated to the European animation industry ecosystem.”
The tentative deal will now go before Animation Guild members for a ratification vote.